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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
Loans to Small Businesses
Total Project Financing
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans funded in August 2020 ranged from $115,000 to $630,000 and provided assistance to businesses located in Middletown and Cumberland, RI as well as Weymouth, MA. The projects will contribute to the creation of 64 Jobs.
Loans funded in July 2020 ranged from $103,000 to $1,293,000 and provided assistance to businesses located in Chelmsford, Maynard, Peabody, Hudson and Norwood, MA. The projects will contribute to the creation of 29 Jobs.
Loans funded in June 2020 ranged from $69,000 to $2,786,000 and provided assistance to businesses located in North Andover, East Boston, Roxbury, Acton, Boylston, Woburn, Salem, Lunenburg and Billerica, MA as well as West Warwick, Cumberland and North Providence, RI. The projects will contribute to the creation of 43 Jobs.